The Best Electric SUV Business Lease Deals Ranked by Total Cost of Ownership (TCO)
Choosing the right electric vehicle for your business isn’t just about the monthly rental. It’s about the total cost of ownership (TCO) the true measure of value once you factor in finance rental, servicing, benefit in kind tax, national insurance, disallowed VAT, insurance, business mileage reimbursement and corporation tax.
At LetsTalk Leasing, we’ve analysed our latest business lease offers using our internal TCO Value Rating system, helping you quickly identify which models deliver the strongest overall value for your fleet.
Here are the top performers right now (36 months | 10,000 miles per annum | 1 initial rental).
1. Ford Capri SUV 250kW 79kWh - Review here
TCO Value Rating: 93/100
Monthly Rental: £429.88
Electric Range: 346 miles
P11D Value: £56,119.99
CO₂: 0g/km
The highest-ranked vehicle in our TCO analysis, the new Ford Capri SUV delivers exceptional range, strong residual value performance and competitive finance costs.
With 346 miles of electric range and a sensible P11D value, it strikes an impressive balance between driver appeal and business affordability. For fleets transitioning to electric, this is currently one of the strongest all-round propositions.
Why it ranks top:
✔ Competitive monthly rental
✔ Strong range-to-cost ratio
✔ Excellent overall cost efficiency
2. Ford Explorer SUV 250kW 79kWh - Review here
TCO Value Rating: 85/100
Monthly Rental: £468.39
Electric Range: 329 miles
P11D Value: £55,219.99
CO₂: 0g/km
The Explorer follows closely behind its Capri sibling. Offering similar battery capacity and strong range, it delivers solid value for businesses wanting a practical, modern electric SUV.
Its competitive finance profile and sensible servicing costs help it achieve one of the best cost-efficiency scores in this comparison.
Ideal for: Businesses wanting proven Ford reliability with strong electric credentials.
3. Genesis GV60 SUV 360kW 84kWh - Review Here
TCO Value Rating: 81/100
Monthly Rental: £623.68
Electric Range: 311 miles
P11D Value: £67,650
CO₂: 0g/km
The Genesis GV60 offers premium styling and performance, with a powerful 84kWh battery and impressive build quality.
While the monthly rental is higher than the Ford models, its specification and brand positioning make it attractive for executive fleets seeking something distinctive without moving into ultra-premium territory.
4. Polestar 3 SUV (Electric 544hp) - Review Here
TCO Value Rating: 81/100
Monthly Rental: £761.94
Electric Range: 394 miles
P11D Value: £80,225
CO₂: 0g/km
With the longest electric range in this comparison, the Polestar 3 stands out for long-distance drivers. However, its higher P11D value and rental position it slightly lower on pure cost-efficiency.
Best suited for senior leadership fleets where performance, design and range are key priorities.
5. BMW i7 xDrive60 M - Review Here
TCO Value Rating: 79/100
Monthly Rental: £1,471.96
Electric Range: 370 miles
P11D Value: £143,465
CO₂: 0g/km
A flagship executive EV delivering refinement and technology at the highest level. While operational efficiency is strong, its premium P11D and rental mean it’s less focused on cost control and more on executive status.
6. Mercedes-Benz EQS SUV 580 544hp - Review here
TCO Value Rating: 79/100
Monthly Rental: £1,602.05
Electric Range: 378 miles
P11D Value: £153,740
CO₂: 0g/km
The EQS SUV combines luxury and electric innovation. Like the BMW, it’s positioned for board-level drivers rather than cost-focused fleet optimisation.
What This Means for Your Fleet
When purely measuring Total Cost of Ownership, the clear standouts are:
✅ Ford Capri SUV
✅ Ford Explorer SUV
Both models deliver the strongest blend of:
Competitive monthly rental
Excellent electric range
Sensible P11D values
Strong operational efficiency
For businesses looking to electrify their fleet while maintaining tight cost control, these represent outstanding value in today’s market.
Why TCO Matters More Than Monthly Rental
Many businesses focus solely on the headline monthly figure. However, real fleet cost management includes:
Finance rental
Maintenance costs
Benefit-in-Kind exposure
National Insurance costs
Corporation Tax
Mileage Reimbursement
Our TCO Value Rating simplifies this analysis, helping you identify vehicles that protect your bottom line over the full contract term.
Ready to Review Your Fleet Costs?
If you’d like a tailored TCO comparison for your business fleet, speak to the team at LetsTalk Leasing.
We’ll help you:
Compare electric and hybrid options
Analyse whole-life costs
Optimise your fleet budget
Secure the best business lease deals available
At LetsTalk Leasing, we specialise in securing competitive business lease deals across cars, vans and pickups with expert advice every step of the way, call us on 0330 056 3331, you can find other best value TCO Business Car lease deals here .
